Step 1 :State the null hypothesis \(H_{0}: \mu=2559\), and the alternative hypothesis \(H_{1}: \mu \neq 2559\).
Step 2 :Given values are: sample mean = 2695, population mean = 2559, sample standard deviation = 175, sample size = 23, and significance level \(\alpha = 0.01\).
Step 3 :Calculate the t-score using the formula \((sample\_mean - population\_mean) / (sample\_std\_dev / \sqrt{sample\_size})\). The calculated t-score is approximately 3.727.
Step 4 :Calculate the p-value for a two-tailed test. The p-value is twice the area to the right of the absolute value of the t-score in a t-distribution with degrees of freedom equal to \(sample\_size - 1\). The calculated p-value is approximately 0.0012.
Step 5 :Since the p-value is less than the significance level \(\alpha\), we reject the null hypothesis.
Step 6 :Final Answer: The p-value is \(\boxed{0.0012}\).